OK, fine, state banks are a bad idea at both the state and federal level, but you didn't really address my question.

My point is that not having a central bank with money creating authority limits what governments can borrow to what private lenders are willing to lend them, and private lenders (especially if not backstopped by government guarantees) tend to pay fairly close attention to who they lend to and how much they lend, at least they used to when they were lending real money...

Yes, private banks sometimes issued more banknotes than they could cover if things turned sour, and when they did, they lost their banks and whatever they had invested in them and their customers lost their deposits. That applied free market incentives to banks so that most of them were careful.

Oh, I agree with you that central banks greatly enhance the collusion between politicians and top financiers to fix financial markets for their immediate benefit.

But the ultimate problem of the world is not central banks per se, but this market fixing. It can happen with or without central banks. Central banks make it much easier, probably, but they're ultimately just one of the many tools of the elites.

As I mentioned, politicians can benefit bankers by granting them charters in the first place, by bailing them out in a crisis, and by allowing banks to bail out each other (which is essentially a form of market collusion that would/should be denied to other types of businesses, if you think about it.) Just before the Fed, financial firms in crisis were routinely bailed out by an almost-official banking cabal headed by Pierpont Morgan.

In return, bankers can benefit politicians by lending money to the government (thus giving the politician free political capital,) and by giving advice. Such as: since Germany is overtaking us in every way, and we only have 3% of the gold to redeem our printed pounds sterling, and people trust our paper only because of our preeminent position in the world, we absolutely have to make war and defeat Germany, or our assets will implode and we're totally screwed, without question.

Oh, I agree with you that central banks greatly enhance the collusion between politicians and top financiers to fix financial markets for their immediate benefit.

But the ultimate problem of the world is not central banks per se, but this market fixing. It can happen with or without central banks. Central banks make it much easier, probably, but they're ultimately just one of the many tools of the elites.

As I mentioned, politicians can benefit bankers by granting them charters in the first place, by bailing them out in a crisis, and by allowing banks to bail out each other (which is essentially a form of market collusion that would/should be denied to other types of businesses, if you think about it.) Just before the Fed, financial firms in crisis were routinely bailed out by an almost-official banking cabal headed by Pierpont Morgan.

In return, bankers can benefit politicians by lending money to the government (thus giving the politician free political capital,) and by giving advice. Such as: since Germany is overtaking us in every way, and we only have 3% of the gold to redeem our printed pounds sterling, and people trust our paper only because of our preeminent position in the world, we absolutely have to make war and defeat Germany, or our assets will implode and we're totally screwed, without question.

Oh, I agree with you that central banks greatly enhance the collusion between politicians and top financiers to fix financial markets for their immediate benefit.

But the ultimate problem of the world is not central banks per se, but this market fixing. It can happen with or without central banks. Central banks make it much easier, probably, but they're ultimately just one of the many tools of the elites.

As I mentioned, politicians can benefit bankers by granting them charters in the first place, by bailing them out in a crisis, and by allowing banks to bail out each other (which is essentially a form of market collusion that would/should be denied to other types of businesses, if you think about it.) Just before the Fed, financial firms in crisis were routinely bailed out by an almost-official banking cabal headed by Pierpont Morgan.

In return, bankers can benefit politicians by lending money to the government (thus giving the politician free political capital,) and by giving advice. Such as: since Germany is overtaking us in every way, and we only have 3% of the gold to redeem our printed pounds sterling, and people trust our paper only because of our preeminent position in the world, we absolutely have to make war and defeat Germany, or our assets will implode and we're totally screwed, without question.

The Fed is the most powerful crime syndicate in the history of man. They have stolen more money than every other criminal organization in the history of man ... combined ...